Iceland’s GDP (gross domestic product) for the first two quarters of 2015 increased by 5.2 percent compared with the same period of 2014. Total domestic final expenditure increased by 7.3 percent, as Statistics Iceland reported this morning.
Danish-Icelandic artist’s Ólafur Elíasson’s project Little Sun has exceeded expectations in crowdfunding.
Tulipop, a line of children’s products designed by Signý Kolbeinsdóttir and Helga Árnadóttir, was awarded the ‘Best Newcomer’ award in its category at the prestigious Smallish Design Awards.
Property prices continue to rise in Reykjavík, partly because of pressure from the tourist rental market.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the bank’s interest rates by 0.5 percentage points.
Icelandair has announced plans to offer direct flights to Aberdeen, Scotland, beginning March next year.
North and East Iceland are expecting one of the worst grain harvests for decades, thanks to the long winter and poor spring and summer this year.
The year’s first catch of tuna made by fishing company Vísir in Grindavík came ashore this morning and consisted of 19 fish.
Icelandic bank Landsbankinn has decided to freeze the design competition for its new headquarters, planned for later this month. The bank says in a statement on its website that the decision was made so that it can consider the various points-of-view that have come forth in the last few weeks....
Iceland ranked as most expensive in five of the 12 goods and services categories studied in 37 European countries, according to new figures from Eurostat. Clothes, shoes, household appliances, electronics and transportation services were all more expensive than elsewhere.
An agreement has been signed between Ethiopian Electric Power (EEP) and Corbetti Geothermal Plc, whose investors include Reykjavik Geothermal, Berkeley Energy, and Iceland Drilling.
American doughnut giant Dunkin’ Donuts is about to open its first branch in Iceland, on Laugavegur, downtown Reykjavík, at 9 am tomorrow. The news has been controversial and received mixed reactions.
The cargo ship Winter Bay this weekend left the Norwegian city of Tromsø, loaded with 1,700 tons of frozen fin whale meat from Iceland.
Few people in Iceland have missed the fact that American doughnut giant Dunkin’ Donuts is about to open its first branch in the country. The news has been controversial and received extremely mixed reactions.
Tax figures for 2014 extrapolated by the business magazine Frjáls Verslun, owned by Iceland Review publisher Heimur hf, show that the average salary of the CEOs of Iceland’s 200 biggest companies is around ISK 2.6 million (EUR 17,580/USD 19,195) per month.
“It is far from true that the water we put in bottles is tap water. Tap water has been through old pipes under the city. Our water comes straight from the spring and from there straight into bottles. Outside air first comes into contact with the water when the bottle is opened. The product we...
Sigurður Einarsson and Hreiðar Már Sigurðsson, the former Kaupþing Bank executives now serving prison sentences following the so-called Al Thani case, have formally requested that the case be re-opened.
Standard & Poor’s has raised the long-term credit rating of the Icelandic government, from BBB- to BBB.
“Brewing has long been my interest and I’ve been carrying this dream in my heart,” says Marteinn B. Haraldsson, owner of the brand new microbrewery Segull 67, in the small town of Siglufjörður.
Landsbankinn bank has decided to build itself a new headquarters next to Harpa on Reykjavík’s eastern quayside.
Costco plans to open its first Iceland branch in the summer of 2016. Company representatives are expected to sign a sales contract on Friday for a 14,000 m2 facility at Kauptún, in Garðabær.
Around 10,000 cars have been sold in Iceland so far this year, the same number as during the same period in 2007, prior to the 2008 crash.